Toronto (Rexdale-Kipling), ON
2282 ISLINGTON AVENUE
$1,500,000
Listed by
RE/MAX ROUGE RIVER REALTY LTD.
HUSSEIN KABANI, Broker
Data last updated Oct 21, 2026, 2:20 a.m. ET. By using this site you agree to our Terms of Use.
Property facts
- Price
- $1,500,000
- Type
- retail
- Bedrooms
- 0
- Bathrooms
- 0
- Size
- 3,414 sq ft
- MLS®
- W13663208
- Status
- active
- Brokerage
- RE/MAX ROUGE RIVER REALTY LTD.
About this home
Description provided by the listing brokerage
MIXED-USE INVESTMENT OPPORTUNITY. Corner location at Islington Ave. & Rexdale Blvd. Building area approximately 3,414 sq. ft. (MPAC): ground-floor commercial 1,800 sq. ft., two separate 2-bedroom residential apartments 1,614 sq. ft. combined. CR zoning permits variety of commercial and residential uses. INCOME: Ground-floor commercial unit leased to established nail salon: $4,424.78/month + HST. Tenant responsible for utilities except 50% water. Commercial lease expires September 30, 2027. Two residential apartments on month-to-month basis at $1,850/month each; tenants pay hydro. Gross annual rental income (before HST): $97,497.36 (commercial $53,097.36 + residential $44,400). LOCATION: Prime Rexdale corridor near SmartCentres, shopping, restaurants, and amenities. Excellent TTC access and convenient Highway 401 connectivity. Three rear parking spaces. PROPERTY FEATURES: Ground-floor retail separate from residential access. Corner visibility for commercial tenant. LEASE STRUCTURE: Commercial lease in place until September 30, 2027, providing stable income. Month-to-month residential tenancies offer future flexibility. Flexible possession available. *Do not attend property without a booking made/confirmed by a Realtor*